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Boston Stock Exchange, SEC Settle For $1.75M

Law360 (September 5, 2007, 12:00 AM EDT) -- The Boston Stock Exchange and its former president have agreed to shell out $1.75 million to lay to rest charges that they failed to enforce compliance by specialist dealers with rules protecting investor trading priority.

The U.S. Securities and Exchange Commission said Wednesday that James B. Crofwell had agreed to settle the charges by consenting to the entry of a final judgment in the U.S. District Court for the District of Massachusetts ordering him to pay a $75,000 civil penalty. The exchange agreed to pay at...
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